60天账期≠60天回款！车企账期仍普遍超200天？什么原因→

Core Viewpoint - The recent focus on standardizing supplier payment terms to within 60 days by leading automotive companies has reignited discussions around supply chain financial tools, particularly accounts receivable electronic certificates, which have faced scrutiny for their potential misuse and lack of regulation [1][19]. Summary by Sections Supplier Payment Terms - Nearly 20 automotive companies have announced a unified payment term of 60 days for suppliers, but concerns remain regarding the calculation rules and payment methods [1][4]. - The revised "Regulations on Ensuring Payment to Small and Medium Enterprises" has been implemented, mandating large enterprises to pay within 60 days of delivery [4][5]. Supply Chain Financial Tools - Accounts receivable electronic certificates were initially designed to alleviate "triangle debts" in the supply chain and help small businesses with financing challenges [2][14]. - The market for accounts receivable electronic certificates is projected to reach 4.4 trillion yuan by 2024, with financing amounts around 3 trillion yuan [13]. Payment Methods and Their Implications - Some companies, like BAIC and SAIC, have committed to eliminating commercial acceptance bills (商票) as a payment method, which has been criticized for increasing supplier financial pressure [6][7]. - The use of commercial bills is relatively low among major automotive companies, with a significant reliance on bank bills instead [7][8]. Regulatory Developments - New regulations have been introduced to tighten the use of supply chain financial tools, particularly focusing on the transparency and duration of payment terms [19][20]. - The recent regulations emphasize the need for a real trade background and set a principle that payment terms for electronic certificates should generally not exceed 6 months [20]. Industry Challenges - The accounts receivable electronic certificates have been criticized for potentially extending payment periods, with some certificates having terms as long as 2 years [16][17]. - The financial strain on small suppliers is exacerbated by the reliance on core enterprises, which can manipulate payment terms to their advantage [15][21]. Future Outlook - The future of accounts receivable electronic certificates remains uncertain, but the demand for such tools is expected to persist, albeit with increased regulation [19][20]. - The industry is moving towards a model that emphasizes data credit over core enterprise credit, which may lead to healthier competition and development of various financial tools [21].